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Nippon India Retirement Fund Income Generation Scheme Direct Dividend Payout

Solution

  

Retirement Fund

NAV

14.116 -0.1798

as on (03 Apr, 2020)

RETURNS

5.97 %

Fund Type

Open Ended

Investment Plan

Dividend Payout

Expense Ratio

0.87 %

Benchmark

CRISIL Long Term Debt Index

Asset Size

256.65 Cr.

(As of 30 Apr, 2019)

Risk

Moderately High

Objective

The investment objective of the scheme is to provide capital appreciation and consistent income to the investors which will be in line with their retirement goals by investing in a mix of securities comprising of equity, equity related instruments and fixed income securities. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

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Fund manager

Sanjay H Parekh

(since 11 Feb, 2015)

Exit load

N / A

Minimum sip

₹ 500

minimum investment

₹ 5000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

8.58 Haryana SDL 2038

27.5 %

8.13% Govt Stock 2045

18.49 %

8.17% Govt Stock 2044

14.98 %

7.06% Govt Stock 2046

12.25 %

Sector Allocation

About the Scheme Type

Retirement Fund

For investors with a clear goal of having a corpus for their retirement phase, a Retirement Fund could be a good option. These come with a lock-in period of 5 years or until retirement, whichever is earlier. SEBI has purposefully mandated the lock-inso as to give impetus to long term saving as they also come with tax benefits. Also, there’s a pretty hefty exit load – 3 to 4%, in case of premature withdrawals. Given that they’re only been there since a few years, there are limited number of Retirement Funds today.

Ratings

This fund is rated 4 stars by Morning Star Ratings.

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Overview of Reliance Nippon Life Asset Management Ltd

With Average Assets Under Management (AAUM) of Rs 2,33,628.56 Crores​​ ​(January 2019 - March 2019 QAAUM) and 90.67 lakhs folios (as on​ March 31, 2019​​), Reliance Mutual Fund is one of India's leading mutual funds. Reliance Mutual Fund is one of the fastest growing mutual funds in India, offering investors a well-rounded portfolio of products to meet varying investor requirements and has presence in 300​ cities (as on​ March 31, 2019​​) across the country. Reliance Mutual Fund constantly endeavours to launch innovative products and customer service initiatives to increase value to investors.

Vision statement of Reliance Mutual Fund - To be a globally respected wealth creator with an emphasis on customer care and a culture of good corporate governance.

Mission statement of Reliance Mutual Fund - To create and nurture a world-class, high performance environment aimed at delighting our customers.​

Main objectives of Reliance Mutual Fund are

  • To carry on the activity of a mutual fund as may be permitted by law, and formulate and devise various collective schemes of savings and investments for people in India and abroad, and also ensure liquidity of investments for the unit holders
  • To deploy funds thus raised so as to help the unit holders earn reasonable returns on their savings
  • To take such steps as may be necessary from time to time to realise the effects without any limitation